167.027 - Transfer not authorized in will or trust; transfer by conservator. - Nevada Statutes

167.027  Transfer not authorized in will or trust; transfer by conservator.

      1.  A personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor pursuant to the provisions of this chapter, in the absence of a will or under a will or trust that does not contain an authorization to do so.

      2.  A conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor pursuant to the provisions of this chapter.

      3.  A transfer made pursuant to this section may be made only if:

      (a) The personal representative, trustee or conservator considers the transfer to be in the best interest of the minor;

      (b) The transfer is not prohibited by or inconsistent with the provisions of the applicable will, trust agreement or other governing instrument; and

      (c) The transfer is authorized by the court if it exceeds $10,000 in value.

      (Added to NRS by 1985, 67)